AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Harry Stebbings on Starting 20VC, Being Underestimated, Investing, and Wealth vs. Happiness
Invested by Aleph
The Importance of Reserves in Venture Capital
Reserves, I think, are actually financially irresponsible in a lot of cases. Most often reserve allocation is aligned to trajectory and to speed of growth within companies. And so for me, I personally feel that it's too difficult to know which of your companies within the first 18 months you should really concentrate capital into. If you look to my portfolio, that would definitely be the keckeys.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode